6960+ Pips Profit!

Relaible partner for Traders.
Start trading now!

On LiNSTR.com

Forex strategy "Fibonacci Trading"

The fact that Fibonacci numbers have found their way to Forex trading is hard to deny. Moreover, trading currencies with Fibonacci tool for many traders have become the bread and butter of their whole trading career.

Trading Rules:
Find the closest to the current price wave with a distance from High to Low over 100 pips. Apply Fibonacci on it no matter if the wave is going up or down, only size matters.

Some terms we are going to use here:
The corridor between 0.382 Fibonacci retracement level and 0.618 retracement on the chart – will be called a “must channel”.Fibonacci retracement levels will be numbered always from bottom to top, no matter whether it is an up or a down wave. E.g. at the bottom we will always have 0.250, then next 0.382, 0.618 and finally on top – 0.750 Fibonacci retracement level.